LA Seeks $1.9B Bailout Amid $1B Deficit, $38M in Lost Revenue From Fires

(The Center Square) - Los Angeles is seeking a $1.9 billion state bailout after receiving $2.5 billion in state aid thus far. Los Angeles faces a $1 billion deficit due to spending vastly outpacing revenues — issues that predated the fire and which City Controller Kenneth Mejia has long said are making the city go “broke.” Much of that funding is set to go toward existing city issues, such as ballooning liability payouts, with $38 million requested to cover revenue lost from the fires. Support this podcast: https://secure.anedot.com/franklin-news-foundation/ce052532-b1e4-41c4-945c-d7ce2f52c38a?source_code=xxxxxx Read more: https://www.thecentersquare.com/california/article_94d6e454-9663-4baf-9f34-b6d77dfefa80.html